Explanation
BACKGROUND: Two properties currently held in the Land Bank have been approved for disposition. In order to complete the transfer, authorization is needed for the Director of the Department of Development to execute any and all agreements and deeds for conveyance of such real properties. These parcels, located at 110 and 386 East Woodrow Avenue, will be purchased by Fairway Builders, LLC for new construction of single-family homes.
FISCAL IMPACT: No funding is required for this legislation. The City may first recover reimbursement of any and all expenses incurred on account of the acquisition, administration, management, maintenance, and disposition of such land and such other expenses of the program as the City may apportion to such land from the sale proceeds.
EMERGENCY JUSTIFICATION: Emergency justification is needed to prevent a delay in the construction schedule.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of two parcels (E. Woodrow Ave.) of real property held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, by Ordinance 2161-93 Council adopted and elected to use the Revised Code Chapter 5722, Land Reutilization Program, to facilitate effective reutilization of nonproductive land acquired through a sale pursuant to a foreclosure proceeding initiated by the Franklin County Treasurer, or through a sale of forfeited lands by the Franklin County Auditor or through a conveyance in lieu of foreclosure to foster either return of such land to tax revenue generating status or its devotion to public use; and
WHEREAS, a proposal for the sale of two parcels which has been acquired for this program meet the Land Reutilization Program's Disposition Policies and Guiding Principles and have been approved; and
WHEREAS, such these two parcels of real estate are being sold at not less than fair market value in conformity with Ohio Revised Code Section 5722.07; and
WHEREAS, in order to complete the transfer of such properties to the purchaser, authority is needed for the Director of Department of Development to execute any and all necessary agreements and deeds of conveyance for such real property; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Office of Land Management in that it is immediately necessary to convey title of said parcels of real estate in order to prevent a delay in the construction schedule, all for the immediate preservation of the public health, peace, property, safety and welfare; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Department of Development is hereby authorized and directed to execute any and all necessary agreements and deeds to convey title of the following parcels of real estate:
1. PARCEL NUMBER: 010-034274
ADDRESS: 110 E. Woodrow Avenue
PRICE: $500.00
USE: Construction of single- family home
Being Lot Number Five (5) of EDWARD LINTON'S PARCEL PLAT SUBDIVISION, as the same is numbered and delineated upon the recorded plat thereof, of record in Plat Book 7, page 29, Auditor's Office, Franklin County, Ohio.
2. PARCEL NUMBER: 010-043160
ADDRESS: 386 E. Woodrow Avenue
PRICE: $500.00
USE: Construction of single-family home
Being Lot Number Eighty-one (81), South Side TERRACE ADDITION, as the same is numbered and delineated upon the recorded plat thereof, of record in Plat Book 5, page 498, Recorder's Office, Franklin County, Ohio.
Section 2. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.